Program Management Professional (PgMP) — Question 213

What is the formula to determine earned value (EV) for a program?

Answer options

• A. Percent complete times percent remaining in the program
• B. Percent completes time the program cost estimate
• C. Percent complete times the program budget at completion
• D. Percent complete times the program cost of labor and materials

Correct answer: C

Explanation

The correct formula for earned value (EV) is the percent complete times the program budget at completion, which reflects the value of work actually performed. The other options either misrepresent the components needed to calculate EV or do not align with standard project management practices.